Within the frame of a scenario that looks challenging but provides plenty of opportunities, Hera sets its 2023 targets, leveraging on the Group strength that the healthy 2019 forecast results once again confirm. All indicators are on the rise compared to the previous Plan, with five-year cumulated dividends increasing by 20%.
Forecast 2019 results exceed expectations and indicate the achievement of several strategic targets well in advance. Starting from that strong premise, we began to build a Plan to 2023 with a growth exceeding that of the previous one.
In the five-year Plan, clear strategic direction and efficient capital allocation are two factors at the heart of the expected acceleration in EBITDA growth, on a journey that will lead Hera to create even 539 m€ of Shared Value.
The Plan includes a substantial capital expenditure in projects to enhance Hera infrastructure, in line with the aim of providing our asset base with both continuous innovation and consistently high standards in business continuity.
In 2019, Hera stock price surged by 46.1%, outperforming both the FTSE MIB (+28.1%) and the industry index (+35.0%).
The strong rally of Hera shares took place against a benign backdrop for equity investments, especially favouring the utility sector.
Hera takes up the challenge to carry out significant changes by 2030.
For the first time, in its Business Plan presentation Hera also included eight goals to 2030.
For a better understanding of the relevance of this choice and the way it has been developed, we ask some questions to Mr. Massimo Vai, who is Strategy, Regulation and Local Bodies Central Director and Head of Strategic Planning at Hera.